Saeta buys Uruguayan wind farms

Saeta buys Uruguayan wind farms

Saeta Yield said it has agreed to buy two wind farms in Uruguay from Argentina's Corporacion America and Spain's Grupo San Jose for $65m.The Madrid-based renewable energy yieldco said it will fund the acquisition with cash on hand. The deal is expected to close in the first half of the year, Saeta said in a securities filing.Located in the department of Maldonado, the Carape I and II wind farms have a combined 95 MW in installed capacity. The projects began operations more than a year ago and st